State of Tennessee Treasury Department Reduces Stake in Qualys, Inc. (QLYS)

State of Tennessee Treasury Department lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 5.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,196 shares of the software maker’s stock after selling 1,592 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of Qualys worth $1,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Qualys by 157,222.3% during the first quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock worth $127,537,000 after buying an additional 3,362,985 shares in the last quarter. Pier 88 Investment Partners LLC increased its position in shares of Qualys by 62.8% in the third quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after purchasing an additional 4,100 shares during the period. Neuberger Berman Group LLC increased its position in shares of Qualys by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock worth $92,374,000 after purchasing an additional 57,088 shares during the period. Wells Fargo & Company MN increased its position in shares of Qualys by 2.7% in the second quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock worth $7,164,000 after purchasing an additional 4,622 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Qualys by 24.8% in the second quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 10,083 shares during the period. 73.50% of the stock is owned by institutional investors.

Qualys, Inc. (NASDAQ:QLYS) opened at $60.55 on Thursday. Qualys, Inc. has a 12-month low of $30.60 and a 12-month high of $61.40. The stock has a market capitalization of $2,318.78, a PE ratio of 55.59, a price-to-earnings-growth ratio of 5.51 and a beta of 0.84.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The firm had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. equities analysts expect that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Saturday, November 4th. Morgan Stanley cut Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a research report on Tuesday, October 10th. Wells Fargo & Company set a $52.00 price target on Qualys and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Qualys has an average rating of “Hold” and an average price target of $54.36.

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In other Qualys news, Chairman Philippe F. Courtot sold 40,000 shares of Qualys stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $60.57, for a total value of $2,422,800.00. Following the transaction, the chairman now owns 5,564,435 shares in the company, valued at $337,037,827.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald R. Dixon sold 83,743 shares of Qualys stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $58.15, for a total value of $4,869,655.45. Following the completion of the transaction, the director now owns 196,839 shares in the company, valued at approximately $11,446,187.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,437 shares of company stock worth $24,421,888. Company insiders own 30.20% of the company’s stock.

About Qualys

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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